The Impact Of Signing ECFA On Taiwan'S Textile Industry
If we can sign ECFA (Cross Strait Economic Cooperation Framework Agreement) between the two sides and remove tariff barriers, it is estimated that the value of Taiwan's textile exports to China will grow by 25.1%, or about 530 million US dollars, but it may also be faced with non-proliferation.
tariff
Trade barriers, such as stricter certificate of origin.
As for the negative effects, we should not neglect it.
textile
The export value to Taiwan will increase by 20.8% to about $160 million; and there will be open pressure on textile projects that are still prohibited from China before 486 projects, but the opening time will have a 5~15 year buffer time.
The Ministry of economic affairs of Taiwan has developed a more than 30 billion yuan "adjustment fund for trade liberalization", which will provide funds for the affected manufacturers to facilitate the pformation of industries and the demand for sensitive industries.
investigation
And the guidance scheme is also in progress. I believe that with the efforts of the government and industry, the interests can be maximized and the impact will be minimized.
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